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TMCNet:  The NORCAL Group of Companies has

[December 17, 2012]

The NORCAL Group of Companies has "A" Rating Affirmed by A.M. Best

SAN FRANCISCO --(Business Wire)--

A.M. Best, the insurance rating service, has affirmed the "A" (Excellent) rating given to the NORCAL Group of companies, including NORCAL Mutual Insurance Company of San Francisco, California, PMSLIC Insurance Company of Mechanicsburg, Pennsylvania, and Medicus Insurance Company of Austin, Texas. According to A.M. Best, the rating reflects the Group's excellent risk-adjusted capitalization and strong operating performance. Recognition is also given to the historical pattern of favorable loss reserve development.

A.M. Best also stated the NORCAL Group ranks among the top ten medical professional liability carriers in the country by direct written premium and has helped to establish a stable market for medical professional liability coverage in its territories.

"We are pleased ith this positive rating affirmation from A.M. Best," said Mark Johnson, senior vice president and CFO for the NORCAL Group. "As a national provider of medical professional liability insurance, we value our financial strength which provides peace of mind to our clients. We also value the personal way we serve our insureds."

A Best rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. (Source (News - Alert): A.M. Best Financial Strength Ratings.)

The NORCAL Group of Companies

NORCAL Mutual Insurance Company, PMSLIC Insurance Company and Medicus Insurance Company, members of the NORCAL Group of companies, are medical professional liability insurers providing protection to more than 28,000 physicians, healthcare extenders, medical groups, hospitals, community clinics and allied healthcare facilities in the nation. The companies share a group rating of "A" (Excellent-Stable) by A.M. Best for their financial strength and stability.

NORCAL Mutual is based in San Francisco, CA (News - Alert), and operates in California, Alaska and Rhode Island. PMSLIC is based in Mechanicsburg, PA, and operates in Pennsylvania and Delaware. Medicus is headquartered in Austin, TX, and is licensed to sell medical professional liability insurance in 37 states across the nation.


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